Bharat Forge's long-term fund-based and working capital facilities have been reaffirmed with a rating of ICRA AA+, and a Stable outlook. While its long-term and short-term fund-based or term loan rating has been reaffirmed as ICRA AA+ (Stable) and ICRA A1+, respectively. The non-fund based facilities have been rated as ICRA A1+.
ICRA has also reaffirmed the rating on company's long-term non-convertible debentures of ICRA AA+ (Stable).
The long-term and short-term unallocated limits have been rated as ICRA AA+ (Stable) and ICRA A1+, respectively.
These ratings reflect the company's financial stability, strong creditworthiness, and ability to manage its financial risks effectively. They also highlight the company's ability to meet its obligations on time.
At around 9.23 AM, Bharat Forge was trading at Rs 760.50, up by 0.54% against the previous close of Rs 756.45 on NSE. The counter opened at Rs 760.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.